Money Boral eyes trillion-dollar Trump infrastructure plan

23:20 13 february 2018

23:20 13 february 2018 Source:
theage.com.au

Aussie dollar slips below 80 cents

The Australian dollar has slipped back below 80 US cents as the fall in the US dollar seemed to end and weaker metals prices offered no support.At 0635 AEDT on Monday, the Australian dollar was worth 79.14 US cents, down from 80.01 US cents on Friday.

Australian building materials giant Boral says it is primed to benefit from Donald Trump's $US1.5 trillion plan to upgrade America's roads, bridges, tunnels, airports and other ageing infrastructure.

The ASX-listed Boral, which has a strong North American business, dramatically increased its exposure to the US market last year when it sealed a deal worth $US2.6 billion ($3.5 billion) to buy the Utah-based Headwaters, one of the country's leading producers of fly ash.

Boral chief executive Mike Kane on Tuesday said the acquisition would ensure Boral could take advantage of a looming "infrastructure boom", as Mr Trump presses ahead with a promise to spend $US200 billion in federal funding over the decade.

Aussie dollar plummets to six-week low

The Australian dollar has fallen to a six-week low as the US dollar extends its recent gains, alongside bond yields.The Australian dollar has slipped to a six-week low against its US counterpart, before regaining some ground, as the US dollar has extended its recent gains.

US President Donald Trump has promised to propose plans for a one trillion - dollar infrastructure programme that would renew the country's roads, bridges

The Trump administration's investment is intended to spur an additional $US1.3 trillion in spending from cities, states and private companies.

"It's a $1.5 trillion infrastructure plan that includes a kick-start of $200 billion," Mr Kane said.

"The only criticism coming from the other side of the House is that $200 billion is not enough of a contribution."

Mr Kane said he was "indifferent" to the political debate over whether the investment was too small to drive the anticipated level of private financing, but said, "If the government wants to spend a lot more to kick-start infrastructure, I'd have to say I'm a supporter of that".

Aussie dollar gains ground as international markets rally

The Australian dollar is firmly back above 78 US cents as its US counterpart weakens, and has also gained against the yen and the euro. CURRENCY SNAPSHOT AT 0635 AEDT ON TUESDAYOne Australian dollar buys:* 78.44 US cents, from 78.35 on Monday* 85.29 Japanese yen, from 85.16 yen* 63.84 euro cents, from 63.

It spans over 60 countries and will cost over a trillion dollars . The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa.

President Trump will finally be unveiling his long-awaited .5 trillion plan to repair and rebuild the nation's crumbling highways, bridges, railroads, airports, seaports and water systems Monday. But, the proposal will not be one that offers large sums of federal funding to states for infrastructure needs

Delivering the company's half-year results on Tuesday, Mr Kane announced Boral's net profit had risen 13 per cent, to $173 million in the six months to December, benefiting from the Headwaters acquisition and strong growth in its Australian operations.

Sales revenue for the six-month period soared 40 per cent to $2.9 billion, which was also attributed to the Headwaters acquisition and revenue growth in Australia.

Earning and revenue in Boral's Australia division increased in the six months to December due to strong growth in infrastructure and non-residential activity.

Comment: When the next financial crisis hits, there will be little the RBA can do about it

It is concerning that the commentary in response to the recent gyrations on the markets was so self-serving. The complacency is staggering. It is even more disturbing that, as the regular Wall Street Journal survey revealed, the consensus among US economists is that there will still be at least three, and perhaps four, quarter-point increases in the Fed funds rate this year.

President Trump finally unveiled his long-awaited infrastructure plan on Monday. The 53-page document lays out his vision: To turn 0 billion in federal money into .5 trillion for fixing America's infrastructure by leveraging local and state tax dollars and private investment.

Tucker carlson and democrat talk about about how an infrastructure plan could be paid for. In his first speech to a joint session of Congress, President

"The Headwaters acquisition has helped transform Boral into a construction materials and building products group with a greater geographic reach and improved prospects for growth."

Simon Thackray, an analyst with investment bank Citi, said savings targets in the US Boral's Australian profit margins of 16.3 per cent came in slightly below forecasts of 16.5 per cent.

Mr Kane said the company anticipates "continued growth across all businesses" in 2018.

Boral declared an interim dividend of 12.5 cent per share, up from 12 cents per share declared in the year-ago period.

Boral's share price dropped 3 per cent to $7.09 in early trading on Tuesday, but has since bounced back to $7.36.

Trump accuser calls for Trump to share footage from day she alleges he forcibly kissed her .
A woman who accused President Trump of sexual misconduct is calling for him to share footage from the day she alleges he forcibly kissed her in 2006. "Please, by all means, share the footage from the hallway outside the 24th floor residential elevator bank on the morning of January 11, 2006," Rachel Crooks, who is running as a Democrat for the Ohio state legislature, tweeted."Let's clear this up for everyone. It's liars like you in politics that have prompted me to run for office myself.

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Australian companies eye Trump's trillion-dollar infrastructure plan

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It spans over 60 countries and will cost over a trillion dollars . The plan is to make it easier for the world to trade with China, by funding roads, railways, pipelines, and other infrastructure projects in Asia and Africa.

President Trump will finally be unveiling his long-awaited $1.5 trillion plan to repair and rebuild the nation's crumbling highways, bridges, railroads, airports, seaports and water systems Monday. But, the proposal will not be one that offers large sums of federal funding to states for infrastructure needs

President Trump finally unveiled his long-awaited infrastructure plan on Monday. The 53-page document lays out his vision: To turn $200 billion in federal money into $1.5 trillion for fixing America's infrastructure by leveraging local and state tax dollars and private investment.

Tucker carlson and democrat talk about about how an infrastructure plan could be paid for. In his first speech to a joint session of Congress, President

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